Jet2 plc (OTCMKTS:DRTGF) Sees Large Increase in Short Interest

Jet2 plc (OTCMKTS:DRTGF) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 9,323 shares, a growth of 446.5% from the September 15th total of 1,706 shares. Based on an average trading volume of 2,319 shares, the days-to-cover ratio is presently 4.0 days.

Analysts Set New Price Targets

DRTGF has been the subject of several research reports. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Jet2 in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Jet2 in a research report on Thursday, July 9th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Jet2 Stock Performance

Shares of OTCMKTS DRTGF opened at $18.54 on Friday. The business’s 50 day moving average is $19.99 and its 200-day moving average is $17.88. Jet2 has a 1-year low of $14.07 and a 1-year high of $20.79.

Jet2 Company Profile

Jet2 plc is a United Kingdom-based leisure travel group that operates the Jet2.com airline and Jet2holidays package-holiday business. The company provides scheduled and charter air travel, package holidays, city breaks and villa holidays, primarily serving customers traveling from the UK to leisure destinations.

Jet2.com operates flights from airports across the United Kingdom to destinations in Europe and the Mediterranean, including Spain, the Canary Islands, Greece, Turkey, Cyprus, Portugal and Italy, as well as selected locations in North Africa and other leisure markets.